AIBEA Urges Finance Minister to Exempt Public Sector Banks from Deposit Insurance Scheme
The move, AIBEA asserted, would allow commercial banks to retain more capital, improve profitability, and enhance their capacity to support economic growth.
What is Economic Survey before the Budget and why does it matter?
In addition to data-driven assessments, the survey often provides policy recommendations aimed at improving economic efficiency and fostering growth. Over the years, it has adopted thematic approaches, focusing on topics such as behavioral economics, digital transformation, or climate resilience to frame discussions on policy and reform.
AIBEA urges Government to strengthen PSBs ahead of Budget 2025
AIBEA reiterated its opposition to the privatization of public sector banks, particularly calling for the government to retain a minimum 51% stake in IDBI Bank. The letter also urged Bank of Baroda to merge its subsidiary, Nainital Bank, rather than selling it. Additionally, the association raised concerns about aggressive cross-selling of insurance products by banks, calling for a renewed focus on core banking services.
Budget 2025: What does Industry expect on Feb 1 from FM Nirmala Sitharaman?
The industry is hopeful that the government will announce a slew of measures to boost consumption by ensuring more money in the hands of people, boosting capital expenditure, giving relief to the housing sector and technological innovations.
Banking Reforms: What Happened to the Privatisation of State-Run Banks?
The government currently holds a majority stake in 12 public sector banks, with ownership exceeding 90% in four of them:
How FM Nirmala Sitharaman failed the middleclass taxpayers and investors in one stroke
Ahead of every Union Budget, there are expectations of some sort of relief for the common man in terms of tax reliefs and welfare measures....
Budget 2024 Live Updates: Long term capital gains tax hiked from 10% to 12.5% in Union Budget
12:30 PM: Long term capital gains tax hiked from 10% to 12.5% in Union Budget. The Union Budget for 2024-25 has hiked the Long-term capital gains tax...
Economic survey projects 6.5%-7% GDP growth in 2024-25
Economic Survey 2023-2024 has projected the Gross domestic product (GDP) to grow at 6.5–7 percent in 2024-25, thus hinting a moderation in the pace of expansion...
Budget 2025 pointers: Key things to watch for from FM Sitharaman in the Budget
The Bugdet is set against Rs 2 lakh crores unexpected bonanza from RBI which can be used for capital expenditure or fiscal deficit management.
Budget 2024-2025: What is there for banking sector?
Will 2024 see a renewed push from the Narendra Modi-government on bank privatisation? To begin with, privatising India's dozen public sector banks (PSBs) has been...